FY2021 Budget

CAPITAL RESERVE FUNDS (CRF)

Fire Apparatus CRF

MISSION

The purpose of the Capital Reserve Fund is to set aside funds annually to plan for and replace large Fire Apparatus as a future pay-as-go capital outlay. This avoids resource competition and increasing debt obligations for shorter life-cycled items.

SERVICE TO COMMUNITY

The Capital Reserve Fund provides the means to ensure fire safety equipment is mission ready to protect the safety and wellbeing of the community.

BUDGET NOTES

New Initiatives & Priorities

Cost Value

None

$0.00

2020 Estimated Actual

2021 Proposed Budget

2018 Actual

2019 Actual

FIRE APPARATUS CAPITAL RESERVE FUND

Beginning Balance Interest Earnings

$ $ $ $ $

1,259,704

$ $ $ $ $

494,149 13,411 400,000

$ $ $ $ $

907,560

$ $ $ $ $

14,440

5,445

6,880

- - -

Transfer in from General Fund Transfer out to General Fund

400,000

350,000

(1,171,000)

-

(1,250,000)

Ending Fund Balance

494,149

907,560

14,440 -98.4%

14,440

Year Over Year % Change Total Year Over Year $s Change Total

-60.8%

83.7%

0.0%

$

(765,555)

$

413,411

$

(893,120)

$

-

87